Federal Government uses UPLAN model to examine price volatility in ERCOT

LCG, October 11, 2022--The U.S. Energy Information Administration, or EIA, released its latest supplement to the Short-Term Energy Outlook (STEO) in the Texas market, assessing various possible scenarios using LCG’s UPLAN NPM model, with a special focus on the effects on wholesale power prices and market conditions.

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Michigan Governor Supports Reopening Palisades Nuclear Facility

LCG, September 16, 2022--The Governor of Michigan last week sent a letter to the U.S. Department of Energy (DOE) in support of Holtec International’s application for a federal grant under the Civil Nuclear Credit (CNC) program to save the Palisades Nuclear Facility in Southwest Michigan. The federal grant could result in restarting the baseload, carbon-free, nuclear power plant.

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Industry News

Northeast, N.Y. and Ontario Could Smooth Inter-regional Power Flow

LCG, July 18, 2002--A committee will be created to discuss possible ways in which rules and market structure can bring together the wholesale power markets of the New England, New York and Ontario independent system operators, the ISO's said Wednesday.

The committee will be charged with developing a single or separate day-ahead markets that can promote the buying of power among ISO-New England), NYISO, and Independent Electricity Market Operator of Ontario (IMO). Issues to be discussed also include congestion management, maintenance planning for power generation and transmission lines, and inter-regional utilization of supply reserves.

A plan is expected from the committee by next May. The New York and New England ISO's have begun discussions on forming a joint regional transmission organization (RTO), and anticipate filing their plan in August.
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